OPEC: founded at Baghdad by five oil producers and headquartered in Vienna
Background
OPEC was established at the Baghdad Conference held from 10 to 14 September 1960.
The five founding members were Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
The OPEC Secretariat was first based in Geneva, Switzerland.
In April 1965 the OPEC Conference decided to move the headquarters to Vienna, Austria.
Its purpose is to unify and co-ordinate the petroleum policies of its member countries.
Founded at:
Baghdad Conference, 1960
Founding members:
5
Headquarters:
Vienna, Austria
Why it matters for exams: OPEC's founding members, founding city and headquarters are classic general-knowledge questions, and OPEC+ decisions keep it in the news.
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